Triplex With Private
New
For Sale
$899,000
103 107 Anacapa St, Ventura, CA 93001
Three one-bedroom residences offer individual garage parking and shared outdoor space in Midtown Ventura.
Property Size1,316 SF
Lot Size0.14 Acres
Days on Market4
Property Features for 103 107 Anacapa St
General Information
Standard status
Active
Size
1,316 SF
Total Parking Spaces
3
Lot size
0.14 Acres
Property subtype
Investment
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
patio
yard
Building Details
Building Size
1,316 SF
Year Built
1926
Stories
1
Listing Agency:
eXp Realty of California Inc
(805) 228-4671
Listed By:
Jose Luiz Morales · License #01891119
(805) 228-4671
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 23 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc
Investment Insights
Based on property information with market context.
Built in 1926, this triplex comprises three one-bedroom, one-bath residences on a 6,098-square-foot lot. Each unit has a private garage space, while the property also includes a patio and yard. Interior features vary by residence and include laminate flooring, ceiling fans, separate dining areas, a private deck, walk-in closet, tile kitchen flooring, bathtubs, and freestanding gas ranges.
The property is located at 103 107 Anacapa St in Ventura’s Midtown area, with access to Downtown Ventura, beaches, shopping, dining, and freeway connections. Walk Score is 79, Bike Score is 82, and Transit Score is 30. The three-unit configuration supports an owner-occupant arrangement or continued multifamily use.
The property is located at 103 107 Anacapa St in Ventura’s Midtown area, with access to Downtown Ventura, beaches, shopping, dining, and freeway connections. Walk Score is 79, Bike Score is 82, and Transit Score is 30. The three-unit configuration supports an owner-occupant arrangement or continued multifamily use.
Key Highlights
- Three one‑bedroom, one‑bath units
- 6,098‑square‑foot lot
- Private garage space for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,337
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,740
$586.7K
Cap Rate 7%
$419,100
$419.1K
Cap Rate 9%
$325,967
$326.0K
Market Conditions
NOI Build-Up for 1,316 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.2K $33.60/SF
− Vacancy
−$2.3K −$1.75/SF
EGI
$41.9K $31.85/SF
− OpEx
−$12.6K −$9.55/SF
NOI
$29.3K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,740
Cap Rate 7%
$419,100
Cap Rate 9%
$325,967
Alternative Uses
Best Use
Multifamily LT 5
$419.1K
$366.7K – $489.0K
NOI $29,337 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$357.4K
$312.7K – $416.9K
NOI $25,015 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$794.5K
$695.2K – $926.9K
NOI $55,614 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 93001, CA
33,859
Population
14,705
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
96.6 sq mi
ZIP Area
351
Density / Sq Mi
$86,310
Median Household Income
$45,023
Median Earnings
$1,881
Median Rent
$760,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences offer individual garage parking and shared outdoor space in Midtown Ventura.
Where is this triplex located?
The property is located at 103 107 Anacapa St Ventura, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bath units; 6,098‑square‑foot lot; Private garage space for each residence
